Antero Resources (NYSE:AR) Upgraded at StockNews.com

StockNews.com upgraded shares of Antero Resources (NYSE:ARGet Rating) from a sell rating to a hold rating in a report released on Friday.

Several other brokerages also recently commented on AR. Morgan Stanley upped their price target on shares of Antero Resources from $39.00 to $41.00 and gave the company an equal weight rating in a research report on Monday, June 6th. Scotiabank began coverage on shares of Antero Resources in a report on Wednesday. They set a sector perform rating and a $47.00 price target on the stock. TheStreet upgraded shares of Antero Resources from a c rating to a b- rating in a report on Wednesday, July 27th. Truist Financial raised their target price on shares of Antero Resources from $50.00 to $58.00 and gave the company a buy rating in a research note on Tuesday, July 19th. Finally, Raymond James raised their price target on shares of Antero Resources from $52.00 to $60.00 in a research report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $46.00.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $36.67 on Friday. The firm has a market cap of $11.23 billion, a PE ratio of 13.63 and a beta of 3.68. Antero Resources has a 1 year low of $10.91 and a 1 year high of $48.80. The firm’s 50-day simple moving average is $36.97 and its 200-day simple moving average is $31.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41.

Antero Resources (NYSE:ARGet Rating) last posted its earnings results on Wednesday, July 27th. The oil and natural gas company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.25). Antero Resources had a return on equity of 19.52% and a net margin of 16.24%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company posted $0.12 EPS. Antero Resources’s revenue for the quarter was up 352.0% on a year-over-year basis. Equities analysts forecast that Antero Resources will post 6.78 earnings per share for the current fiscal year.

Insider Activity at Antero Resources

In related news, insider Sheri Pearce sold 7,352 shares of Antero Resources stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $34.63, for a total transaction of $254,599.76. Following the completion of the transaction, the insider now directly owns 80,858 shares of the company’s stock, valued at approximately $2,800,112.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,000,000 shares of the business’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $34.80, for a total value of $34,800,000.00. Following the completion of the transaction, the director now directly owns 5,747,952 shares of the company’s stock, valued at $200,028,729.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sheri Pearce sold 7,352 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $34.63, for a total transaction of $254,599.76. Following the completion of the transaction, the insider now directly owns 80,858 shares of the company’s stock, valued at $2,800,112.54. The disclosure for this sale can be found here. Insiders sold 1,049,053 shares of company stock valued at $36,682,752 in the last ninety days. Insiders own 5.72% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of AR. Thompson Siegel & Walmsley LLC grew its position in shares of Antero Resources by 184,286.2% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 387,211 shares of the oil and natural gas company’s stock worth $6,776,000 after buying an additional 387,001 shares during the period. IPG Investment Advisors LLC acquired a new stake in shares of Antero Resources during the 4th quarter worth approximately $333,000. Nuveen Asset Management LLC grew its position in shares of Antero Resources by 2.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,744,291 shares of the oil and natural gas company’s stock worth $30,525,000 after buying an additional 47,192 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of Antero Resources during the 4th quarter worth approximately $231,000. Finally, Johnson Financial Group LLC acquired a new stake in shares of Antero Resources during the 4th quarter worth approximately $875,000. 76.27% of the stock is owned by institutional investors.

Antero Resources Company Profile

(Get Rating)

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

Further Reading

Analyst Recommendations for Antero Resources (NYSE:AR)

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